Well, of course, perhaps it already has, we just don't know what the effect has been yet, do we? Although I agree it will continue to do so.

MTH is trading at 17.5x 07 eps and around 15-16x 2008 eps. So, not cheap. They have mkt cap of around $890m and debt of $733m, so 42% debt to cap - don't know if you'd call that 'healthy' or not. Average for the industry is slightly lower. Their Net Income margin is about 40% lower than the other builders as well.

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.

Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.